HB202 • 2026

RELATING TO THE ADEQUATE RESERVE FUND.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: SAYAMA, LEE, M., TAKENOUCHI, YAMASHITA
Last action: 2026-04-21
Official status: Received notice of appointment of House conferees (Hse. Com. No. 799).
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

RELATING TO THE ADEQUATE RESERVE FUND.

What This Bill Does

RELATING TO THE ADEQUATE RESERVE FUND.
DLIR; Employment Security Law; Adequate Reserve Fund; Actuarial Study; Report Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter.
Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature.
Effective 7/1/2050.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HD1

Hawaii published version HD1

Plain English: HB202 HD1 HOUSE OF REPRESENTATIVES H.B.

HB202 HD1 HOUSE OF REPRESENTATIVES H.B.
NO.
202 THIRTY-THIRD LEGISLATURE, 2025 H.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE ADEQUATE RESERVE FUND .

SD1

Hawaii published version SD1

Plain English: HB202 SD1 HOUSE OF REPRESENTATIVES H.B.

HB202 SD1 HOUSE OF REPRESENTATIVES H.B.
NO.
202 THIRTY-THIRD LEGISLATURE, 2025 H.D.
1 STATE OF HAWAII S.D.

SD2

Hawaii published version SD2

Plain English: HB202 SD2 HOUSE OF REPRESENTATIVES H.B.

HB202 SD2 HOUSE OF REPRESENTATIVES H.B.
NO.
202 THIRTY-THIRD LEGISLATURE, 2025 H.D.
1 STATE OF HAWAII S.D.

Bill History

2026-04-21 S
Received notice of appointment of House conferees (Hse. Com. No. 799).
2026-04-21 H
House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Reyes Oda.
2026-04-02 S
Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
2026-04-01 H
House Conferee(s) discharged.
2026-03-20 H
Received notice of all Senate conferees being discharged (Sen. Com. No. 409).
2026-03-20 S
Senate Conferee(s) discharged.
2025-12-08 D
Carried over to 2026 Regular Session.
2025-04-23 H
Conference Committee Meeting will reconvene on Thursday 04-24-25 10:00AM in conference room 016.
2025-04-21 H
Conference Committee Meeting will reconvene on Wednesday 04-23-25 10:00AM in conference room 016.
2025-04-17 H
Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:00AM in conference room 016.
2025-04-16 H
Received notice of Senate conferees (Sen. Com. No. 810).
2025-04-16 S
Senate Conferees Appointed: Aquino Chair; Moriwaki Co-Chair; Fevella.
2025-04-15 S
Received notice of appointment of House conferees (Hse. Com. No. 732).
2025-04-14 H
House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Reyes Oda.
2025-04-11 S
Received notice of disagreement (Hse. Com. No. 704).
2025-04-10 H
House disagrees with Senate amendment (s).
2025-04-08 H
Returned from Senate (Sen. Com. No. 601) in amended form (SD 2).
2025-04-08 S
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2025-04-04 S
48 Hrs. Notice 04-08-25.
2025-04-04 S
Reported from WAM (Stand. Com. Rep. No. 1802) with recommendation of passage on Third Reading, as amended (SD 2).
2025-04-02 S
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2025-03-27 S
The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference.
2025-03-19 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2025-03-19 S
Reported from LBT (Stand. Com. Rep. No. 1169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2025-03-12 S
The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 4 Aye(s): Senator(s) Aquino, Lee, C., Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Moriwaki.
2025-03-07 S
The committee(s) on LBT has scheduled a public hearing on 03-12-25 3:00PM; Conference Room 224 & Videoconference.
2025-03-04 S
Referred to LBT, WAM.
2025-02-28 S
Passed First Reading.
2025-02-28 S
Received from House (Hse. Com. No. 10).
2025-02-27 H
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.
2025-02-27 H
Reported from FIN (Stand. Com. Rep. No. 830), recommending passage on Third Reading.
2025-02-21 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Miyake, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 4 Excused: Representative(s) Lee, M., Morikawa, Alcos, Ward.
2025-02-19 H
Bill scheduled to be heard by FIN on Friday, 02-21-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
2025-02-12 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).
2025-02-12 H
Reported from LAB (Stand. Com. Rep. No. 476) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2025-02-06 H
The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.
2025-02-03 H
Bill scheduled to be heard by LAB on Thursday, 02-06-25 9:00AM in House conference room 309 VIA VIDEOCONFERENCE.
2025-01-21 H
Referred to LAB, FIN, referral sheet 1
2025-01-16 H
Introduced and Pass First Reading.
2025-01-15 H
Pending introduction.

Official Summary Text

RELATING TO THE ADEQUATE RESERVE FUND.
DLIR; Employment Security Law; Adequate Reserve Fund; Actuarial Study; Report
Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter. Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature. Effective 7/1/2050. (SD2)

Current Bill Text

Read the full stored bill text

HB202

HOUSE OF REPRESENTATIVES

H.B. NO.

202

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

relating
to the adequate reserve fund
.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION
1
.
�
Section 383-63,
Hawaii Revised Statutes, is amended by amending the definition of "adequate
reserve fund" to read as follows:

����
""Adequate reserve
fund" means an amount that is equal to the amount derived by multiplying
the benefit cost rate that is the highest during the ten-year period ending on
November 30 of each year by the total remuneration paid by all employers, with
respect to all employment for which contributions are payable during the last
four calendar quarters ending on June 30 of the same year, as reported on
contribution reports filed on or before October 31 of the same year.
�
"Remuneration", as used in this
definition, means wages as defined in section 383-10.
�
For the purpose of determining the highest
benefit cost rate, the benefit cost rate for the first
twelve-consecutive-calendar-month period beginning with the first day of the
first month of the ten-year period and for each succeeding twelve-consecutive-calendar-month
period beginning with the first day of each subsequent month shall be computed.

����
[
Effective for the calendar years
1992 through 2007, and for calendar year 2011, "adequate reserve
fund" means an amount that is equal to the amount derived by multiplying
the benefit cost rate that is the highest during the ten-year period ending on
November 30 of each year by the total remuneration paid by all employers, with
respect to all employment for which contributions are payable during the last
four calendar quarters ending on June 30 of the same year, as reported on
contribution reports filed on or before October 31 of the same year.
]

����
Effective for the calendar years 2023
through 2030, "adequate reserve fund" means an amount that is equal
to
:

����
(1)
�
One and
one-quarter, for calendar years 2026 through 2027; and

����
(2)
�
One and
one-half, for calendar years 2028 through 2030,

times
the amount derived by multiplying the
benefit cost rate that is the highest during the ten-year period ending on
November 30 of each year by the total remuneration paid by all employers, with
respect to all employment for which contributions are payable during the last
four calendar quarters ending on June 30 of the same year, as reported on
contribution reports filed on or before October 31 of the same year, but shall
not include the benefit cost rate from June 2020 through August 2021."

����
SECTION
2.
�
Statutory material to be repealed is
bracketed and stricken.
�
New statutory
material is underscored.

����
SECTION 3.
�
This Act shall take effect on January 1,
2026.

INTRODUCED BY:

_____________________________

Report Title:

Employment
Security Law; Adequate Reserve Fund

Description:

Amends
the definition of "adequate reserve fund" for calendar years 2026 through
2028.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.